A Schlumberger study has brought a “significant uplift” to resource estimates at the Buchan oilfield in the North Sea, Jersey Oil and Gas (JOG) has announced.
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Equinor has awarded framework contracts to Altus Intervention and Archer for a range of wireline services on its platforms offshore Norway.
Shell Petroleum Development Co. (SPDC) has sold its 30% stake in OML 17 to TNOG Oil and Gas, for $533 million.
Reconnaissance Energy Africa has begun drilling its first well in Namibia’s Kavango Basin.
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Oil and Gas UK (OGUK) has brought on bosses at Schlumberger, Repsol Sinopec and Kellas Midstream to its board as it looks ahead to 2021.
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
Bosses at a north-east precision engineering firm are hoping more oil and gas industry projects kick into gear next year after making hefty investments in new kit.
Plexus Holdings has given an optimistic outlook, hailing “real” signs of recovery, despite year-on-year revenues taking a nosedive due to Covid.
A boss at Schlumberger has said Covid-19 was a “good test” for the oilfield service giant as it “braces” itself for the end of the Brexit transition period.
Baker Hughes has the “most ambitious” emissions reduction targets of the major oil and gas services firms, a new report has found.
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Schlumberger will grant Aberdeen-headquartered Plexus Holdings royalties and a $500,000 lump sum payment after agreeing a multi-year licensing deal for its tech.
Baker Hughes has shed thousands of jobs in response to the downturn, cutting headcount by 15% so far this year.
Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts.
Scientists at Aberdeen University are developing a new production method that could be a “game-changer” for North Sea gas.
Step Change in Safety has added bosses from BP and Schlumberger to its leadership roster.
While working for a technology services organisation Schlumberger, I have seen first-hand the way technology has transformed the oil and gas industry from every angle throughout my working life.
Schlumberger, the world’s largest oilfield services company, agreed to sell its US fracking business to a smaller rival following a collapse in demand.
Oil industry veteran Andrew Gould, a former CEO of Schlumberger, has joined the board of service company McDermott International.
Ghana’s Petroleum Commission has launched a committee to draft a policy on local content in the upstream sector.
Libya’s National Oil Corp. (NOC) has expressed concerns about increasing military presence at its facilities and the seizure of jet fuel at Zueitina.
Schlumberger delivered another crushing blow to the oil and gas industry today by announcing it was cutting around a fifth of its workforce.
Lekoil has signed service agreements with Schlumberger for drilling on the Otakikpo field, although it is continuing work on the financing.